標題: An exploratory study of female directors’ constraint on real earnings management
女性董事抑制實質盈餘管理之探討
作者: Ling-Ling Chang
Yue-Duan Guan
Daniel F. Hsiao
關鍵字: Board gender diversity;accrual-based earnings management;real earnings management
公開日期: 1-十二月-2017
出版社: 交通大學
National Chiao Tung University
摘要: This paper aims to examine whether female directors affect firms’ earnings management activities. In recent years, gender diversity has emerged as a prominent topic of discussion in corporate governance. Most prior research into female directors’ relationships with regard to earnings management has primarily focused on accrual-based earnings management (AEM). It has been reported that post-SOX firms switched from accruals-based to real earnings management (REM) methods. Our study uses both earnings management proxies: the absolute value of discretionary accruals in AEM, and various proxies of REM. Empirical results from our Taiwanese sample indicate that firms with female directors have significantly less real earnings management, and the association is particularly driven by lower levels of reduction in discretionary expenditure, which remained unchanged even during the financial crisis of 2008-2010. However, we find a marginal mitigating effect on AEM only when the firm has a greater proportion of female directors. This study not only expands the literature on earnings management practice in emerging markets, but also provides policy implications for board gender diversity.
URI: http://hdl.handle.net/11536/143525
ISSN: 1028-7323
期刊: 交大管理學報
Chiao Da Mangement Review
Volume: 37
Issue: 2
起始頁: 31
結束頁: 85
顯示於類別:交大管理學報


文件中的檔案:

  1. 1028-7310-370202.pdf